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Cintas Names Lance Bates President and COO, National Account Sales Division
Bill Cronin Promoted to Senior V.P. and Assistant to the CEO
CINCINNATI, OH, November 7, 2007 — Scott D. Farmer, President and Chief Executive Officer of Cintas Corporation (NASDAQ: CTAS), announced today that Lance Bates has joined the company as President and COO, National Account Sales Division. Bates replaces Bill Cronin, who has been promoted to the newly created position of Senior Vice President and Assistant to the CEO.
Prior to joining Cintas, Bates served at the General Electric Company, most recently as General Manager-Sales, Diagnostic Imaging for the Healthcare Division, a position he held since 2003. Bates joined GE in 1988 and served in various field sales positions, including Sales Representative for the Healthcare team and Corporate Accounts Manager.
From 1998 to 2003 Bates served at INPHACT, Inc. as Vice President of Sales and Marketing before being promoted to Chief Operating Officer. In 2003 he returned to GE to his most recent position.
Bates holds a B.S. in Industrial Engineering from the University of Cincinnati, and a Masters in Business Administration from the University of Chicago Graduate School of Business.
Bill Cronin has served in various sales positions at Cintas since 1984, including Group Vice President of the rental uniform business and President and Chief Operating Officer of the National Account Sales Division (NASD). Following his promotion to President and COO, Cronin increased National Account Direct Sale and National Rental revenue from $400 million to over $800 million in five years.
"We are very pleased to bring Lance Bates’ expertise in sales management to Cintas," said Mr. Farmer. "His professional acumen, knowledge of Six Sigma methodologies and leadership skills will serve the company well as the NASD continues to grow," he added. "Bill Cronin’s outstanding track record in building the rental and direct uniform sales business, along with his knowledge of the industries in which we compete, will be of tremendous value as he transitions into his new position at Cintas."
About Cintas Corporation:
Headquartered in Cincinnati, Ohio, Cintas Corporation provides highly specialized services to businesses of all types throughout North America. Cintas designs, manufactures and implements corporate identity uniform programs, and provides entrance mats, restroom supplies, promotional products, first aid and safety products, fire protection services and document management services to approximately 800,000 businesses. Cintas is a publicly held company traded over the Nasdaq National Market under the symbol CTAS, and is a Nasdaq-100 company and component of the Standard & Poor's 500 Index. The Company has achieved 38 consecutive years of growth in sales and earnings, to date.
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